Zacks: Analysts Anticipate 3D Systems Co. (DDD) to Post $0.02 Earnings Per Share

Equities research analysts expect 3D Systems Co. (NYSE:DDD) to post $0.02 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for 3D Systems’ earnings, with estimates ranging from $0.01 to $0.04. 3D Systems reported earnings per share of ($0.20) in the same quarter last year, which would indicate a positive year-over-year growth rate of 110%. The firm is expected to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that 3D Systems will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.10 to $0.16. For the next financial year, analysts anticipate that the company will post earnings of $0.27 per share, with EPS estimates ranging from $0.15 to $0.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow 3D Systems.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.12. 3D Systems had a negative return on equity of 9.22% and a negative net margin of 11.54%. The company had revenue of $176.57 million for the quarter, compared to the consensus estimate of $165.83 million.

DDD has been the topic of a number of research reports. Zacks Investment Research upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. ValuEngine upgraded 3D Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Loop Capital raised their price target on 3D Systems to $17.00 and gave the company a “hold” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Susquehanna Bancshares set a $16.00 price target on 3D Systems and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, B. Riley raised their price target on 3D Systems from $7.00 to $9.00 and gave the company a “sell” rating in a research report on Wednesday, August 8th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.49.

NYSE DDD traded down $0.53 during trading hours on Wednesday, reaching $19.08. 1,680,700 shares of the stock traded hands, compared to its average volume of 2,754,323. 3D Systems has a 1 year low of $7.92 and a 1 year high of $21.78. The company has a quick ratio of 1.44, a current ratio of 1.95 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -33.47 and a beta of 1.69.

In other news, COO Kevin Mcalea sold 20,000 shares of 3D Systems stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the transaction, the chief operating officer now owns 250,257 shares in the company, valued at $5,307,950.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Andrew Martin Johnson sold 5,000 shares of 3D Systems stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $19.01, for a total value of $95,050.00. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP increased its holdings in shares of 3D Systems by 8.6% in the second quarter. Royce & Associates LP now owns 797,487 shares of the 3D printing company’s stock worth $11,013,000 after buying an additional 63,000 shares during the period. Natixis increased its holdings in shares of 3D Systems by 802.8% in the second quarter. Natixis now owns 191,193 shares of the 3D printing company’s stock worth $2,640,000 after buying an additional 170,016 shares during the period. Principal Financial Group Inc. increased its holdings in shares of 3D Systems by 1.6% in the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after buying an additional 7,565 shares during the period. Guggenheim Capital LLC increased its holdings in shares of 3D Systems by 38.1% in the first quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock worth $1,659,000 after buying an additional 39,474 shares during the period. Finally, Investment Management of Virginia LLC increased its holdings in shares of 3D Systems by 11.9% in the first quarter. Investment Management of Virginia LLC now owns 2,064,414 shares of the 3D printing company’s stock worth $23,926,000 after buying an additional 219,119 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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